Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (44963)	5/19/2000 7:36:00 AM
From: werefrog	Read Replies (1) \| Respond to of 74651

re"By the time the Fed says that, the Nasdaq will be 40% above its lows" What experience do you base that statement on? I can explain my experience on the most recent realtime fed interest rate cut. During the Asian Crisis the market was acting exactly like it is now. DELL had dropped from 60 to 40, CSCO, MSFT, etc., same thing. One day the dow was down 200 or so and at 2:15 est the fed announced a rate cut, the market started upticking immediately & closed positive that very day. I bot DELL at 2:16 est for 40 and it closed at 45 that very day. The market rallied strongly for the next 3 or 4 months & the stocks mentioned above kept going up & split. I cannot figure out your statement as to why these stocks would be up 40% by the time the fed announces a rate cut? I look for the market to be depressed and on the bottom the very day a rate cut is announced & my source of info is based on years of monitoring the market tick x tick while being logged into a realtime trading room actually trading stocks during a interest rate cut. JH